Why is Thirumalai Chem. falling/rising?

As of 16-Jul, Thirumalai Chemicals Ltd is experiencing a price increase, currently at Rs 302.90, reflecting a rise of Rs 13.9 or 4.81%. The stock has outperformed its sector by 4.96% today and has shown a consecutive gain over the last two days, accumulating a total return of 6.09% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive short-term trend. However, despite these gains, the company faces significant challenges, including a poor long-term growth outlook with operating profit declining at an annual rate of -181.59% over the past five years and a negative return of -2.68% over the last year, alongside a concerning increase in interest expenses and a high debt-equity ratio.
In the broader market context, Thirumalai Chemicals has shown a short-term return of +2.90% over the past week, while the benchmark Sensex has declined by -1.08% during the same period, highlighting the stock's relative strength. However, the company's long-term performance remains weak, with a year-to-date return of -5.68% compared to the Sensex's +5.75%. The decrease in institutional investor participation, which has fallen by -0.94% in the last quarter, further complicates the stock's outlook, as these investors typically have better resources to assess the company's fundamentals. Overall, while the stock is currently rising, the underlying financial challenges and declining institutional interest suggest caution for potential investors.